Explanation: Collusion can lead to: High prices for consumers. This leads to a decline in consumer surplus and allocative inefficiency (Price pushed up above marginal cost) New firms can be discouraged from entering the market by types of collusion which act as a barrier to entry.
1. She buys the t-shirt for $8 instead of ordering juice at lunch.
2. She will give up on the T-shirt for better jeans.
I’m pretty sure Nike will set it at a high price at first but once the demand gets lower they would set it at a lower price.
Answer:
An area of 10,400 sq km around the Taj Mahal is defined to protect the monument from pollution. The Supreme Court of India in December, 1996, delivered a ruling banning use of coal/coke in industries located in the Taj Trapezium Zone (TTZ) and switching over to natural gas or relocating them outside the TTZ.
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Intrusive igneous rocks include gabbro, granite, and diorite. Each rock differs in that it was created by a separate silica-containing magma.
Despite having different silica concentrations, granite, diorite, and gabbro are all products of magmas. Gabbro is a typical rock that contains 45% to 55% silica. With a silica content ranging from 55% to 65%, diorite is a middle-ground rock. With a silica concentration of more than 65%, granite is an acidic rock.
The most common elements in the Earth's crust, silicon and oxygen, are combined to form silica, also known as silicon dioxide (SiO 2). Silica, which makes up the majority of more than 95 percent of all known rocks, makes up 59 percent of the Earth's crust. Quartz, which is by far the most prevalent crystalline variety of silica, tridymite, and cristobalite are the other two.
Learn more about silica compositions here
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